Living a Fit Rich Lifestyle using Multifamily with Jason & Pili Yarusi

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Living a Fit Rich Lifestyle using Multifamily with Jason & Pili Yarusi - Feature Image

Jason Yarusi and Pili Yarusi – Multifamily Syndicators and co-founders of Yarusi Holdings, talk to Neil Henderson and Brittany Henderson, co-hosts of The Road to Family Freedom podcast. In 2016 they founded Yarusi Holdings, a multifamily investment firm currently with over 800 units under management. The firm repositions properties through operational efficiencies, moderate to extensive renovations, and complete rebranding. Jason and Pili also host “The Jason and Pili Project” a Youtube Channel and Podcast that sets the foundation for building Mental Fortitude, Growing Wealth, and Improving Health by providing actionable steps (and avoiding missteps). Their monthly meetup, The New Jersey Multifamily Foundation Club has over 2,000 members and focuses on Real Estate Syndication.

In this episode we talk to Jason and Pili about their journey into multi-family syndication after pursuing a variety of real estate strategies, from flipping to wholesaling to small multifamily, to even moving entire houses. We talk about what led them to shift gears and focus on apartment syndication, and we spend a lot of time talking about building a mindset that will allow you to start taking action on your goals today.

Post-Interview Analysis 

  • Key Lessons Learned. Don’t wait to know everything before you get started, you will NEVER know all that you need to know. Just get started with some kind of action, learn from taking that action, and know that you will get better each time. Also, start with small consistent action is going to serve you better than trying to immediately take massive action. Think of trying to climb Mount Killamanjaro. You don’t wake up one day after being a couch potato and decide to climb that mountain the next day, you start with taking a 5-minute walk and building on that.
  • How did they acquire their knowledge or what knowledge did they need to acquire? Jason and Pili found local mentors who help them get started in real estate. When they decided to go bigger with multifamily syndication, they hired a paid mentor.
  • How much money did it take to get started? They got started purchasing and rehabbing a duplex for about $45,000. Their first multifamily syndication was purchased for $2.3 million, of which most of that money was raised from private investors.
  • How much time does it take now? We didn’t get into specifics about time, most real estate syndicators will tell you it’s a full-time job.
  • Could they do this strategy from anywhere in the world? From the United States, yes. Syndicating these larger deals allows for on-site property management and maintenance. Once you are buying properties at that level, you are mostly managing the managers. 

Episode Highlights: 

  • Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage 
  • The details of purchasing their first investment property and how they built a portfolio of small multifamily units
  • What it was that led them to shift gears from residential real estate into commercial real estate
  • The mind shift of “raising capital” versus “providing opportunities”
  • Their daily show Second Cup of Coffee and their new book  
  • And much more…

Books and Resources Mentioned

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About the author, Neil

Neil Henderson is the co-host of The Road to Family Freedom, a self-storage investor, and avowed proponent of short-term rental house hacking. He founded The Road to Family Freedom to guide busy parents to financial freedom through passive real estate investing.

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